A Question, What happens if...? (5 Viewers)

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J

jesus-wept

New Member
The council agree to sell the Ricoh to SISU. Have had their meetings with Sepalla and co and reached an agreement, for arguments sake lets say £10million for the council half and then an agreement with the Higgs charity for theirs. What would happen if a third party, perhaps Heskell for example offers a couple of million more and promises to invest in the reconstruction of the surrounding area, a key part of any agreement. My question is, as a community asset and the council bit paid by local tax payers would the council be duty bound to look at or even accept a higher offer and for that matter what would the Higgs charity do if they received a higher offer, it is a charity and getting as much as possible is paramount.
Any thoughts from the many "experts" out there ?
 
lewys33

lewys33

Well-Known Member
From what PWKH said, and as is reasonable to believe, the council could not just straight up sell to SISU, so yes if a higher offer came in it would have to be considered.
 
D

Deleted member 5849

Guest
There'd always be a consideration of what the 'football club' means to a city too, though, not in financial terms so much, but social and identity.

How you quantify that is the difficult thing, but that's where absolute values get murky.
 
lewys33

lewys33

Well-Known Member
It's a difficult one because SISU may offer less than someone else, but without CCFC at the Ricoh it has to be effecting the local economy! At the end of the day it would be down to the council vote.
 
D

Deleted member 5849

Guest
lewys33 said:
It's a difficult one because SISU may offer less than someone else, but without CCFC at the Ricoh it has to be effecting the local economy! At the end of the day it would be down to the council vote.
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Not even the local economy directly.

To get the national (and sometimes worldwide) coverage a football club brings to a place would cost a fair bit if it was a marketing budget.
 
J

jas365

Well-Known Member
You're talking about 2 different things.

AL and JS are supposed to be negotiationg a deal to buy the freehold i.e. bricks and mortar.

The half share owned by the Higgs Trust is a half share of the 50 year lease, the other half of which is owned by the council. It's this that holds the key to the income streams, NOT the freehold.

If SISU wanted the bricks & mortar, and all the income from the Ricoh, they would have to buy the freehold AND the leasehold.
 
S

SkyBlueScottie

Well-Known Member
I am not sure thats the case, otherwise why would SISU be pursuing such a deal.

As for the opening post, why would somebody come in and offer a higher amount for a football stadium when they dont have a football team?
 
sky blue john

sky blue john

Well-Known Member
In 2015 the stadium naming rights come up for renewal !!
Ricoh paid 10 million Sisu are obviously not going to want to miss out on that pay day !!!!!
 
D

Deleted member 5849

Guest
SkyBlueScottie said:
I am not sure thats the case, otherwise why would SISU be pursuing such a deal.
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Well a mundane reason why they want the freehold as well is because they've expressed a view that they can't work with the council, and the council can't work with them, so they want to cut all ties.

The less mundane reasons... well, dealt with here often enough ;)

Regardless you'd need more than just the freehold sorted.
 
J

jas365

Well-Known Member
SkyBlueScottie said:
I am not sure thats the case, otherwise why would SISU be pursuing such a deal.

As for the opening post, why would somebody come in and offer a higher amount for a football stadium when they dont have a football team?
Click to expand...

To be fair 95% of everything SISU have done makes no sense, why change now?
 
J

jesus-wept

New Member
SkyBlueScottie said:
As for the opening post, why would somebody come in and offer a higher amount for a football stadium when they dont have a football team?
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Because it seems to be the Arena and surrounding land that is the attraction, of course a football team would be a big bonus but what is the attraction a team which costs money, or land which potentially makes money ? I know what we the fans would choose but what would a business man or men choose.
 
D

Deleted member 5849

Guest
jesus-wept said:
Because it seems to be the Arena and surrounding land that is the attraction, of course a football team would be a big bonus but what is the attraction a team which costs money, or land which potentially makes money ? I know what we the fans would choose but what would a business man or men choose.
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Neither?
 
RegTheDonk

RegTheDonk

Well-Known Member
jesus-wept said:
Because it seems to be the Arena and surrounding land that is the attraction, of course a football team would be a big bonus but what is the attraction a team which costs money, or land which potentially makes money ? I know what we the fans would choose but what would a business man or men choose.
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Begs the question why hasn't Haskel or Byng or someone else come and bid for the Arena, if indeed ACL reckon they can survive without the club. They also presumably are looking at developing the area.

Unfortunately, with CCFC in their pocket and custody of the golden share, SISU/Otium have a trump card that surely must come into play. The question is how long can they keep losing money for, or how long until the league/FA finally show some balls and intervene?
 
fernandopartridge

fernandopartridge

Well-Known Member
sky blue john said:
In 2015 the stadium naming rights come up for renewal !!
Ricoh paid 10 million Sisu are obviously not going to want to miss out on that pay day !!!!!
Click to expand...

Indeed. Unfortunately the football club who brings about most recognition of the Ricoh name got the square root of fuck all for the last deal.
 
sky blue john

sky blue john

Well-Known Member
If the last naming rights went to acl why is their loan still so big ?
Isn't it more likely that 10million went into the stadium build pot ?
 
Grendel

Grendel

Well-Known Member
fernandopartridge said:
Indeed. Unfortunately the football club who brings about most recognition of the Ricoh name got the square root of fuck all for the last deal.
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That's all part of the deal with the caring sharing council.
 
torchomatic

torchomatic

Well-Known Member
sky blue john said:
If the last naming rights went to acl why is their loan still so big ?
Isn't it more likely that 10million went into the stadium build pot ?
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I wouldnt have thought so. Didnt jag pull out when the stadium was more or less complete anyway?

Sent from my Galaxy S4 using Tapatalk 2
 
torchomatic

torchomatic

Well-Known Member
lewys33 said:
From what PWKH said, and as is reasonable to believe, the council could not just straight up sell to SISU, so yes if a higher offer came in it would have to be considered.
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Liked by mistake!

Anywsy why would/should CCC srll to an entity who don't control the football club?

Sent from my Galaxy S4 using Tapatalk 2
 
James Smith

James Smith

Well-Known Member
Someone will doubtless correct me if I'm wrong but didn't Ricoh sign an extension to the deal for another 10 years?
 
K

kmj5000

Member
SkyBlueScottie said:
I am not sure thats the case, otherwise why would SISU be pursuing such a deal.

As for the opening post, why would somebody come in and offer a higher amount for a football stadium when they dont have a football team?
Click to expand...

Because it is a profitable business proposition even without CCFC , apparently...?
 
skybluefred

skybluefred

New Member
SkyBlueScottie said:
I am not sure thats the case, otherwise why would SISU be pursuing such a deal.

As for the opening post, why would somebody come in and offer a higher amount for a football stadium when they dont have a football team?
Click to expand...

According to Seppala she cannot work with CCC and they cannot work with her. Therefore surely if somebody else
bought the Stadium and surrounding land including the freehold, then they could develop the land and rent the Ricoh to CCFC at a peppercorn rent. Just an idea,don't think for a minute it will happen though.
 
shmmeee

shmmeee

Well-Known Member
C

Cheshire Sky Blue

New Member
RegTheDonk said:
Begs the question why hasn't Haskel or Byng or someone else come and bid for the Arena, if indeed ACL reckon they can survive without the club. They also presumably are looking at developing the area.

Unfortunately, with CCFC in their pocket and custody of the golden share, SISU/Otium have a trump card that surely must come into play. The question is how long can they keep losing money for, or how long until the league/FA finally show some balls and intervene?
Click to expand...


Answer to part 1 of your question, Not very long. Answer to the second part, Shortly after Lord Lucan, Shergar and the Unicorn make an appearance on Chatty Man.:jerkit:
 
S

SkyblueBazza

Well-Known Member
RegTheDonk said:
Begs the question why hasn't Haskel or Byng or someone else come and bid for the Arena, if indeed ACL reckon they can survive without the club. They also presumably are looking at developing the area.

Unfortunately, with CCFC in their pocket and custody of the golden share, SISU/Otium have a trump card that surely must come into play. The question is how long can they keep losing money for, or how long until the league/FA finally show some balls and intervene?
Click to expand...

PWKH seemed to be saying that IF &/or when the council says the freehold is up for sale...there's a tendering process & a council vote to decide who gets it. So nobody can officially bid anyhow.
 
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